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Investor Presentaiton

Company Overview* • An internally-managed commercial real estate finance company operating as a REIT, that is focused on originating and investing in floating-rate, first mortgage loans secured by institutional-quality transitional properties. • Investment objective emphasizes preservation of capital while generating attractive risk-adjusted returns over the long-term, primarily through dividends derived from income produced by the loan portfolio. ⚫ $3.1 billion** defensively-positioned nationwide investment portfolio that is diversified across property types, regions and sponsors. • Solution-driven senior investment team with deep industry relationships and decades of commercial real estate lending experience across economic, credit and interest rate cycles. • Conservatively managed balance sheet with a well-balanced funding profile, moderate leverage and approximately $0.9 billion of equity capital. * Except as otherwise indicated in this presentation, reported data is as of, or for the period ended, September 30, 2023. ** Includes maximum loan commitments. Outstanding principal balance of $2.9 billion. ALIORA SUPING CYPRESS 5
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